Ares Strategic Mining Inc.

10:10 AM EST - Ares Strategic Mining Inc. : Announced that following modelling work using recent drilling and assaying data, geophysical IP surveys were conducted around the permitted mine area, correlating geophysical anomalies with both known fluorspar mineralization and identifying new anomalies with similar geophysical signatures as known existing fluorspar pipes. The IP survey on the permitted mining area consisted of 6 lines, each of them 800m long, with dipoles located 25m apart (See Figure 1). The lines were designed to run over known fluorspar locations to identify and define their geophysical signatures, which could then be used to identify new potential targets. Parallel lines were planned away from those to test for potential blind targets. Two orthogonal lines were also planned as tie lines for structure and stratigraphic correlation. Ares Strategic Mining Inc. shares V.ARS are trading up 1 cent at $0.71.

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